Legal & General Group Plc purchased a new position in shares of Fidus Investment Corporation (NASDAQ:FDUS – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 310,317 shares of the asset manager’s stock, valued at approximately $5,921,000. Legal & General Group Plc owned approximately 0.82% of Fidus Investment at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of FDUS. Burk Holdings LLC acquired a new position in shares of Fidus Investment in the 2nd quarter valued at $47,000. Greenland Capital Management LP acquired a new position in Fidus Investment in the second quarter worth about $1,278,000. Northwestern Mutual Wealth Management Co. bought a new position in Fidus Investment during the second quarter worth about $596,000. Quantbot Technologies LP bought a new position in Fidus Investment during the second quarter worth about $517,000. Finally, BlackRock Inc. acquired a new stake in Fidus Investment during the second quarter valued at approximately $2,633,000. Institutional investors own 28.14% of the company’s stock.
Fidus Investment Stock Down 0.1%
Shares of Fidus Investment stock opened at $19.58 on Friday. Fidus Investment Corporation has a 12-month low of $16.86 and a 12-month high of $21.67. The stock has a market capitalization of $743.06 million, a P/E ratio of 9.37 and a beta of 0.67. The company has a 50-day simple moving average of $19.79 and a 200 day simple moving average of $18.84.
Fidus Investment Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a dividend of $0.43 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a yield of 8.8%. Fidus Investment’s dividend payout ratio is 82.30%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on FDUS. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $19.50 price objective on shares of Fidus Investment in a research note on Monday, July 20th. Weiss Ratings raised Fidus Investment from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Fidus Investment has an average rating of “Hold” and an average price target of $19.50.
View Our Latest Stock Analysis on FDUS
Fidus Investment Company Profile
Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.
The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.
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